The Vietnam Trade Office in the Russian Federation has summarized trade cooperation data between Vietnam and Russia for the first quarter of 2025, providing updated insights for businesses and readers.
Overview of Bilateral Trade
Table of Contents
According to statistics from the General Department of Vietnam Customs, in Q1 2025, bilateral trade turnoverbetween Vietnam and the Russian Federation reached USD 1.11 billion, marking a 0.26% increase compared with the same period in 2024.
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Exports: USD 545.4 million, up 3% year-on-year
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Imports: USD 566.9 million, down 2.2% year-on-year
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Trade Deficit: approximately USD 21.5 million
Despite fluctuations in global markets and continued sanctions impacting Russia’s trade environment, the Vietnam–Russia trade relationship remains stable and resilient, supported by long-standing cooperation in energy, machinery, agriculture, and seafood.
Import Highlights
In Q1 2025, Vietnam’s total imports from Russia were valued at USD 566.9 million, with key product groups including:
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Energy and fuel (crude oil, coal, and gas products)
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Fertilizers and chemical products
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Machinery, tools, and metal materials
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Agricultural and seafood inputs
These imports play an important role in supporting Vietnam’s industrial production and agricultural sectors.
Export Overview
Vietnam’s exports to Russia reached USD 545.4 million, growing 3% year-on-year. Major export categories include:
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Coffee, pepper, and cashew nuts
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Seafood and processed agricultural products
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Textiles, garments, and footwear
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Electronics and consumer goods
Vietnam continues to maintain its position as one of Russia’s key trading partners in Southeast Asia, benefiting from preferential mechanisms under the Vietnam–Eurasian Economic Union (EAEU) Free Trade Agreement.
Trade Outlook
Although overall trade growth remains moderate, the Vietnam–Russia economic partnership is expected to expand further in the second half of 2025, supported by:
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Increased agricultural and food product cooperation
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Strengthened banking and logistics channels for payment and transport
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Ongoing business matching programs organized by the Vietnam Trade Office in Moscow
For Further Information
📄 Document: “Đăng TIN TM VN-Nga 3T2025.doc”
📍 Vietnam Trade Office in the Russian Federation
Email: moscow@moit.gov.vn